Fundamentals of Accounting Capstone

Fundamentals of Accounting Capstone

Fundamentals of Accounting Capstone

University of Illinois at Urbana-Champaign

About this course: **You should complete all other courses in the Fundamentals of Accounting Specialization before beginning this course.**
The capstone project will be set in the context of a realistic small-business enterprise, and will require you to think deeply and apply the accounting concepts presented in the other courses in the Fundamentals of Accounting. While navigating the daily operations of the business, you will have an opportunity to consider the accounting implications of the economic events encountered, as well as how these economic events should be communicated to decision makers.
If you enjoy this business course and are interested in an MBA, consider applying to the iMBA, a flexible, fully-accredited online MBA at an incredibly competitive price offered by the University of Illinois. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

You will get an introduction to the Capstone project and your instructor.

1 video, 3 readings

Video: Capstone Introduction

Reading: Capstone Overview

Reading: About the Discussion Forums

Reading: Social Media

Milestone 1: Business Description

Choose your business!

1 video, 1 reading

Video: Business Description Introduction

Reading: Milestone 1 Overview

Discussion Prompt: Business Description

WEEK 2

Milestone 2: Expenses and Selling Price

What are the costs associated with your business and how much will you charge for your product or service? In the case of a not-for-profit organization, how much money will the business need to collect from donations or other funding sources?

1 video, 1 reading

Video: Expenses and Selling Price Introduction

Reading: Milestone 2 Overview

Graded: Expenses and Selling Price

WEEK 3

Milestone 3: Assets

What assets do you need to run your business and how will you pay for these assets?

1 video, 1 reading

Video: Assets Introduction

Reading: Milestone 3 Overview

Graded: Assets

WEEK 4

Milestone 4: Budgeted Income Statement and Analyses

Evaluate your progress in developing your business.

1 video, 1 reading

Video: Budgeted Income Statement and Analyses Introduction

Reading: Milestone 4 Overview

Graded: Budgeted Income Statement and Analyses

WEEK 5

Milestone 5: Internal Decision Making

How will you use the information that you have gathered and analyzed thus far to make decisions?

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University of Illinois at Urbana-Champaign

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